1st
LNG liquefaction plant started in 2014.
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This analysis includes a comprehensive Papua New Guinea energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
1st
LNG liquefaction plant started in 2014.
x2.7
CO2 emissions per capita since 1990.
78%
capacity from renewables by 2030 according to the last NDC.
Abstract
Institutions & Energy Policy
Papua New Guinea (PNG for short) occupies the eastern half of the island of New Guinea (the western part belongs to Indonesia).
The energy sector is under the control of the Department of Petroleum and Energy (DPE), through two main divisions: Petroleum Division (oil and gas) and Energy Division (electricity and renewables).
Energy Companies
Electricity:
PPL, PNG Power Limited, is the integrated state-owned power company.
Energy Supply
Resources:
The country has large gas reserves: proven reserves are estimated at 205 bcm (end of 2019) and have decreased by 2.7%/year since 2010. Proven oil reserves are 15 Mt. The country also has a strong geothermal potential, estimated at between 3-4 GW. The solar potential is large (about 2 500 hours of sunshine per year in Port Moresby).
Energy Consumption
Total energy consumption per capita reached 0.53 toe in 2019. Electricity consumption per capita is around 750 kWh (2019).
Total energy consumption increased by 12% in 2019 to 4.7 Mtoe, driven by high growth in thermal power generation. Energy consumption had previously increased by around 3%/year over 2010-2018. Energy consumption is mainly covered by oil (43%) and biomass (31%).
Issues & Prospects
In the APEC 7th edition of Energy Demand and Supply Outlook report, primary energy demand is projected to increase by 2%/year to 5 Mtoe in 2050 (BAU scenario).
Below is a list of the Papua New Guinea energy market report graphs:
In the Papua New Guinea energy market report you will find the following tables:
The Papua New Guinea energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Papua New Guinea country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Papua New Guinea country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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